Categories: OLD Media Moves

Murdoch expects approval from Bancrofts in two to three weeks

Gabriela Baczynska of Reuters wrote Wednesday that News Corp. CEO Rupert Murdoch expects to receive approval from the Bancroft family that controls Dow Jones & Co., the parent of The Wall Street Journal, to purchase the company in two to three weeks.

Baczynska wrote, “‘Everything is done. We are just waiting for a final approval of the Bancroft family,’ Murdoch told Reuters during a visit to Warsaw on Wednesday.

“‘The final approval is in the next two, three week’s time or not at all,’ he said.

“Asked if his company, News Corp., planned to raise its bid, Murdoch said: ‘No.’

“Murdoch was in Poland to meet Prime Minister Jaroslaw Kaczynski and government officials ahead of the relaunch of a television station in which he has a significant stake.”

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Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.